ALGO surges 14% as AI catalyst drives volume spike
Algorand (ALGO)
Editor:
Eugene Serbin
bitcoinethereumnews.com reports that Algorand [ALGO] jumped 14.36% to $0.1344 over 24 hours, with trading volume surging 225.35% to $290 million. This move coincided with the x402 Challenge nearing its deadline, bringing fresh attention to its role in AI-agent adoption. The data reflects robust participation in the asset's recovery.
How the market reacted
Whalio's own Binance spot order flow for ALGO, measured when this story was written up on 29 September 2026. Not the outlet's figures.
Whalio spot data shows ALGO trading at $0.1360, with a 1-hour buy ratio of 50.5% and a 4-hour buy ratio of 55.8%, compared to a 24-hour buy ratio of 52.7%. The 1-hour buy ratio is slightly below the 24-hour average, while the 4-hour ratio indicates stronger buying pressure over that window. Volume delta is positive across all timeframes, with +$5,315 in the last hour, +$253,395 over four hours, and +$1,515,215 over 24 hours. This positive volume delta means buyers are actively absorbing sell orders, pushing the price higher. Cumulative Volume Delta (CVD) closed at +$972,137 over 24 hours, confirming net buying pressure. Net buying occurred in 17 of the last 24 hours, with spot volume reaching $28,783,071 and 251,459 trades executed.
The latest daily buy ratio of 54.0% sits at the 90th percentile of the last 322 days, against a median of 49.9% - among the strongest buying days it has had.
Was that an ordinary day?
The same Binance spot measurements for ALGO, averaged over the days leading up to the story.
Over the preceding week, the 7-day average buy ratio was 52.1%, with the latest day showing a 0.5 point increase. Volume was 6.11 times the average, indicating an unusual level of activity compared to typical days. Net buying occurred on 6 of the last 7 days, with a total volume delta of +$3,001,195 over 8 days. The price changed by +20.9% over 8 days, reflecting sustained upward momentum. This period of consistent buying and elevated volume contrasts with the 24-hour data, showing a broader trend of accumulation rather than a single-day event.